San Marcos, CA 92069,343 Autumn
San Marcos, CA 92069,343 Autumn
San Marcos, CA 92069,343 Autumn
$19,000,000
Est. payment /mo
$22,000,000
13.6%
Est.Price: ?

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SOLD DATE : 01/02/2025

Key Details

Sold Price $19,000,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 240020535

Sold Date 01/02/25

Acres 2.24

Property Description

CALL FOR OFFERS on Thursday, October 10th! We are proud to present the opportunity to acquire Mission View Apartments, a 57-unit apartment community in San Marcos, California. Built in 1988, the subject is a well-maintained, garden-style community with 57 apartment homes. Mission View Apartments consists entirely of two-bedroom floor plans (except one 1bd/1.5ba) with community amenities including common laundry facilities and a leasing office. The property has abundant on-site parking with 127 total spaces including 57 carport spaces. Mission View Apartments offers very attractive assumable financing. The property comes with an assumable Fannie Mae interest-only loan at a fixed rate of 4.89% until July 2032. Given that current interest rates are significantly higher, this financing option allows a buyer to improve their cash-on-cash return both in the short term and long term. To download the OM or get access to due diligence information, please visit www.missionviewapts.com

Location

State CA

County San Diego

Area San Marcos (92069)

Exterior

Total Parking Spaces 127

Building

Story 2

Others

Space Rent $1,471,692

Financing Cash to New Loan

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San Diego Regional MLS (SDMLS)
Listed by Eric D Comer • Eric D. Comer, Broker
Bought with Eric D Comer • Eric D. Comer, Broker

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agent

Mary Ellen Haywood

+1(619) 994-5515

Broker Associate | CA DRE#01264878

Broker Associate CA DRE#01264878

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